Articles of Dollar

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How was the beginning of the sale of foreign currency in three Havana cadecas?

venta-de-divisas-en-la-cadeca-del-monaco_01

This Tuesday, August 23, the sale of foreign currency began in 37 cadecas throughout the country, as part of the implementation of the foreign exchange market. At the Round Table on Monday 22, the Vice Prime Minister and Minister of Economy and Planning, Alejandro Gil Fernández, and the Minister President of the Central Bank of Cuba, Marta Sabina Wilson González, explained the operation of this exchange mechanism that complements the purchase of currencies, initiated on August 4.

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Questions and answers on the suspension of U.S. dollar cash deposits

CUba Banco Dolar

The fierce financial persecution Cuba suffers as a result of the U.S. economic, commercial and financial blockade led to the decision by the Central Bank of Cuba (BCC) to announce the temporary suspension of cash deposits of U.S. dollars in the country’s bank branches. In view of the obstacles created by interventionistU.S. policy toour national banking system’s ability to deposit abroad the cash in U.S. dollars collected on the island.